Surety1 Does Import Bonds Best
Surety1 can handle all of your Customs bond needs. We offer the same high level of service which is reflected in our A+ accreditation with the Better Business Bureau. When you need bonds for Customs, Surety1 has the ability to get fast approval at one low fee!
When do I need a Customs bond?
Any party that imports a commodity or merchandise over $2,500 into the United States for commercial purposes is required by federal law to post a Customs bond. This ensures that all taxes, duties and fees owed to the U.S. federal government are paid. If you transport goods imported into the country, you must also have a Customs bond.
Which signatories are acceptable for my Customs bond?
Customs will accept the following titles: President, Vice President, Treasurer, Secretary, CEO, CFO, and COO. The title “Member” is acceptable if the company is an LLC, however, you may be required to provide a copy of your LLC Operating Agreement or Articles of Incorporation. Customs will accept “Owner” if the company is a sole proprietorship.
How long does it take to get a Customs bond?
Once you fill out our easy application, we will notify you of approval within one business day. After filling out the necessary paperwork, we can usually file your bond with Customs within five to seven business days.
How much coverage do I need and how much will it cost?
The minimum continuous import bond amount for coverage is $50,000. This is a standard rate for the first year of your Customs bond. Customs may require you to increase your current bond limit, and they will notify you by mail. Forward us the document and we will help you obtain approval for an increase on the bond amount. Your $50,000 continuous customs bond includes the ISF filing that customs requires.
We have one low fee for Customs bonds at $259** per year. You can renew the bond annually at the same rate. If you were to purchase a bond through another source, you would typically pay $400 to $500. We offer the lowest rates in the U.S. for a Customs bond.
To apply for your Customs bond, please access our easy to use application form.
** $259.00 is subject to underwriter approval and assumes bond principal is registered with the CBO